Wed.Apr 12, 2023

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What’s the Restaurant Investment Forecast?

Modern Restaurant Management

To learn more about the current state of restaurant investing, Modern Restaurant Management (MRM) magazine spoke with Uday Ahuja, Chief Investment Officer at RSE Ventures, who played a key role in investing and identifying/growing scalable consumer brands restaurant concepts including Momofuku, Milk Bar, Fuku, Bluestone Lane, and Magnolia Bakery. During the pandemic he helped advise Milk Bar CEO Christina Tosi’s shift from retail to ecomm—resulting in the launch of Milk Bar’s r

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Learn from the greats: 10 extraordinary restaurants that every owner should study

Open for Business

No one knows better than hospitality pros that restaurants give cities and towns their local flavor. OpenTable wants diners to appreciate this, too. That’s why we tapped local experts in 17+ cities across North America to write up their authoritative and opinionated guides to the restaurants that infuse their hometowns with a vibrant sense of place.

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Food Inflation by the Numbers & How Restaurants Can Prepare 

Black Box Intelligence

As we venture deeper into 2023, the restaurant industry continues to grapple with impacts of inflation, shifting customer dynamics, and an uncertain economic outlook. While these challenges may appear inevitable, restaurants can offset the adverse effects of food inflation and uphold profit margins. The obvious question is how. Looking at the Numbers This year, U.S. food prices grew at a slower rate in February compared to January (9.5% versus 10.1%).

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Your dream restaurant team is out there. Here’s how to find them

Open for Business

The once temporary “We’re hiring!” window sign at restaurants has become a permanent fixture. The restaurant labor shortage is a challenge. In fact, the recent National Restaurant Association State of the Industry Report revealed that 87% of restaurants plan to do some hiring in the coming year. Finding and recruiting new team members may be an ongoing effort, but practice hasn’t made the process perfect.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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How D.C. Chef Ryan Ratino Runs Dual Michelin-Starred Restaurants in One Building 

EATER

At Jônt, Ratino aims to make Japanese-style seafood using ingredients from outside the U.S. Running one Michelin-starred restaurant would be enough for most people, but in D.C., chef Ryan Ratino runs two such restaurants in the same building. “Jônt is a 16-seat tasting menu-only counter focusing on all the luxury ingredients of Japan cooked over a wood fire,” says Ratino.

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Restaurant Reputation Management – Building a Positive Online Presence

The Eat Restaurant

The main task of every restaurant manager is to make sure the food is delicious, the ambiance is pleasant, and the customers are satisfied. Once you have set the quality standards, it is important to attract new customers.

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Secrets To Restaurant Success With Einar Örn Einarsson of Zócalo

Apicbase

“We are ready to expand into France, Spain, Belgium and the Netherlands.” Zócalo just turned 20 years, and the franchise is booming like never before. What’s the secret to their success? I asked CEO Einar Örn Einarsson. When Einar and his co-founder opened their first restaurant, they had no hospitality experience. “I had never even worked in a restaurant.

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Turning the Tide: The Inspiring Leadership of Geoff Alexander

The Restaurant Times

In this episode, we welcome Geoff Alexander, President and CEO of Wow Bao and a seasoned professional in the restaurant industry. Geoff Alexander is known as one of the key pioneers of technology and innovation in the food and beverage industry. From being one of the firsts to introduce online ordering to adopting Web3 and NFTs, Geoff has led the adoption of some of the most challenging innovations of our times.

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Secrets To Restaurant Success With Einar Örn Einarsson of Zócalo

Apicbase

“We are ready to expand into France, Spain, Belgium and the Netherlands.” Zócalo just turned 20 years, and the franchise is booming like never before. What’s the secret to their success? I asked CEO Einar Örn Einarsson. When Einar and his co-founder opened their first restaurant, they had no hospitality experience. “I had never even worked in a restaurant.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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4 Types of Customer Engagement and How to Use Them to Your Advantage

Restaurant Engine

To enhance customer engagement, give your customers a great experience when they dine with you. If you want your restaurant to grow and thrive, you need to engage your customers. This means building relationships with people both inside and outside of your restaurant. The digital arena is one of the places where you can really hone your relationship-building skills.

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Berkshire Hathaway changes leadership of its new restaurant holding

Restaurant Business

Warren Buffett's holding company has named two of its veterans to top posts at Pilot Co., the 790-restaurant travel plaza operation.

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The Importance of Training for Shift-Based Workers

Bizimply

Shift-Based work is prevalent in many industries we regularly interact with on a daily basis such as healthcare, manufacturing, hospitality, and retail. Let’s explore some reasons why training is essential for shift-based workers! The post The Importance of Training for <b> Shift-Based Workers</b> appeared first on Bizimply.

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Restaurants are losing faith in ghost kitchens

Restaurant Business

Tech Check: Fewer operators foresee delivery-only concepts growing in 2023. It's looking like a smart bet.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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5 Tips for Managers to Reduce Office Stress and Improve Productivity

Lady Boss Blogger

As a manager, you play a crucial role in creating a productive and healthy work environment. Workplace stress can impact employee performance and morale. By taking proactive measures to manage stress, you can help your team thrive. Here are five tips to reduce office stress and improve productivity: 1. Encourage Breaks Taking regular breaks throughout […] The post 5 Tips for Managers to Reduce Office Stress and Improve Productivity appeared first on Lady Boss Blogger.

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NYC restaurateur gets nearly 5 years in prison for PPP fraud

Restaurant Business

Multiconcept operator Besim Kukaj used his $1.5 million loan to buy luxury items, feds say.

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Speaker applications open for PRF Colombia 2023

Perfect Daily Grind

In 2022, the coffee industry’s largest producer-focused event – Producer & Roaster Forum (PRF) – took place in Medellín, Colombia. The two-day forum attracted thousands of local and international coffee professionals, and also generated an estimated US $10 million in sales. Earlier this year, PRF El Salvador took place at the Salamanca Exhibition Centre in San Salvador.

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Claudia San Pedro is stepping down as Sonic president

Restaurant Business

The 2022 Restaurant Business Restaurant Leader of the Year is leaving the company to focus on family medical matters. Arby's Brand President Jim Taylor is taking her place, while Rita Patel will head Arby's.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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Everything You Ever Wanted to Know About Breadfruit

EATER

Shutterstock French fries and stews, pies, puddings, and cakes: Is there anything this fruit can’t do? If you have ever found yourself wishing that baguettes grew on trees — and who among us hasn’t? — we offer up a consolation prize: Should you spot what looks like a bumpy, melon-sized dinosaur egg on the shelf of your local market, consider taking it home with you.

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How corporate layoffs will affect McDonald's

Restaurant Business

A Deeper Dive: Mike Halen, senior restaurant and foodservice analyst with Bloomberg Intelligence, joins the podcast to talk about McDonald’s, Burger King and Patrick Doyle.

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Dubai Restaurant Week - 10th Edition

The Eat Restaurant

The highly anticipated 10th anniversary Dubai Food Festival is rapidly approaching (DFF). There will be a ton of events in the city for foodies next month since it runs from April 21 to May 7, 2023. With a massive schedule of events and activities, DFF 2023 will highlight the breadth, diversity, and originality of Dubai's culinary scene while also honoring homegrown concepts, Emirati food, and other cuisines from across the world.

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Restaurant menu price inflation catches up with the supermarket

Restaurant Business

For the first time in 18 months, the annual increase in prices for food away from home exceeded inflation at retail food outlets.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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The Secret to Fried Eggs with Still-Runny Yolks

EATER

Shutterstock Because you deserve better than mini hockey pucks This post originally appeared in the November 10, 2023 edition of The Move , a place for Eater’s editors and writers to reveal their recommendations and pro dining tips — sometimes thoughtful, sometimes weird, but always someone’s go-to move. Subscribe now. The crispy fried egg is the backbone of my at-home lunches.

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Here's how much Burger King's parent paid Patrick Doyle to be executive chairman

Restaurant Business

The former CEO of Domino's Pizza, lured out of retirement by Restaurant Brands International last year, was paid $117 million in stock and option awards.

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Want to know more about importing Japanese tea?

T-Ching

The post Want to know more about importing Japanese tea? appeared first on T Ching.

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March National Restaurant Sales Metrics

Margin Edge

The first quarter of 2023 has come to a close and sales continue to look positive for the restaurant industry.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.